Short presentation of the active projects and investment opportunities in Greece for the Food & Agricultural Sector.

Investments in Greek Food & Agricultural Sector

One of the major export sector in Greece has been agricultural production, with Greek fruit and vegetables being consumed in several international markets. The Greek agriculture sector has maintained a positive trade gap in a wide range of agricultural products such as tomatoes, kiwis, oranges etc., which are traditionally products with stable prices and rising demand. Furthermore, the current crisis has had a largely positive impact on primary agricultural production, as it has created opportunities for extroversion, efficiency and a turn towards better, more competitive output. The role of private investors in this process can be significant, since they can provide capital but also know-how and market access to Greek producers in order to maximize their value added and their competitiveness in the European markets.

Investment opportunities exist in several key areas: • Consolidation and upgrading of their supply chain to ensure supply chain efficiency • Development of innovative end products around these high-value crops, and • Marketing and sales capabilities in order to penetrate developed markets The combination of local production and know-how with such investments can generate high returns for the investor interested in pursuing strategic investments within this specialty sector.

Key Figures

Number of PDO recognized Greek products (overall)

101

Number of olive oil products with PDO status

18

Number of olive products with PDO status

12

Number of cheese products with PDO status

20

Number of fruit and vegetable products with PDO status

29

Aquaculture

Aquaculture is a rapidly growing sector of the Greek economy – and one where Greece can leverage its competitive advantages and already is a major international exporter.

Approximately 90% of the sector’s value is driven by two main fish products, seabass/seabream, in which Greece holds a dominant position in the global markets. Greek aquaculture production is known for its product quality, and has enormous further growth potential if it invests in more capacity, economies of scale and cost-improvement initiatives.

Fish farming holds a leading position in Greece’s Food industry and it is a top industry sector in the EU characterized by strong market consolidation. Investing in the consolidation and expansion of aquaculture facilities and the improvement of competitiveness, operating efficiency and market access can yield significant returns for this sector based on its growth potential and existing market positioning.

Key Figures

Greek sea bream / sea bass production in 2013 (Tones)

123.000

Greek production value for sea bream / sea bass fish (€)

400 million

Greek fish fry production (Number)

458,000,000

% of Greek production exported to other countries

85%

Annual growth rate of aquaculture production

3%

Greek sea bream and sea bass production as % of global production

48.6%

Sea hatchery stations currently operating in Greece

39

Floating fish farming / production units currently operating in Greece

330

Olive Oil

Olive oil, one of Greece’s signature products, from ancient times until today, and a steady staple of the Mediterranean diet, strongly rooted in the very history of Greece.

Greek olive oil is recognized as very high-quality, driven by the natural environment and production values of Greek oil producers. There are literally hundreds of local varieties and tastes, including a number of organic producers which are positioning in the global high-value market with specialty and luxury oils.

Greek companies have established significant brand recognition and international distribution networks, whilst investments in market consolidation, processing, R&D, product differentiation, improved packaging, and more concentrated production output can further expand an already blossoming industry and yield significant returns.